IFP Advisors Inc Has $3.81 Million Holdings in Automatic Data Processing, Inc. $ADP

IFP Advisors Inc decreased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 32.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,791 shares of the business services provider’s stock after selling 7,043 shares during the period. IFP Advisors Inc’s holdings in Automatic Data Processing were worth $3,805,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Automatic Data Processing by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 41,689,633 shares of the business services provider’s stock valued at $12,235,907,000 after acquiring an additional 389,451 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Automatic Data Processing by 1.5% during the 3rd quarter. Capital Research Global Investors now owns 8,021,194 shares of the business services provider’s stock valued at $2,354,220,000 after acquiring an additional 116,074 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Automatic Data Processing by 47.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,830,294 shares of the business services provider’s stock valued at $2,004,691,000 after acquiring an additional 2,208,927 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Automatic Data Processing by 5.7% during the 3rd quarter. Invesco Ltd. now owns 4,837,993 shares of the business services provider’s stock valued at $1,419,951,000 after acquiring an additional 261,312 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Automatic Data Processing by 3.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,323,554 shares of the business services provider’s stock valued at $1,264,118,000 after acquiring an additional 136,142 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $208.45, for a total value of $113,188.35. Following the sale, the vice president owned 8,912 shares of the company’s stock, valued at $1,857,706.40. This trade represents a 5.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ADP shares. Guggenheim started coverage on Automatic Data Processing in a report on Thursday, March 19th. They set a “buy” rating and a $270.00 price objective on the stock. Mizuho lowered their price objective on Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Cantor Fitzgerald lowered their price objective on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. BMO Capital Markets lowered their price objective on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Finally, Jefferies Financial Group lowered their target price on Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Automatic Data Processing currently has a consensus rating of “Hold” and an average price target of $249.00.

Automatic Data Processing Stock Performance

ADP opened at $220.07 on Friday. The firm has a market capitalization of $87.97 billion, a P/E ratio of 20.53 and a beta of 0.83. The stock’s 50 day moving average price is $206.18 and its two-hundred day moving average price is $232.24. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, equities analysts forecast that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be issued a $1.70 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a yield of 3.1%. Automatic Data Processing’s dividend payout ratio (DPR) is 63.43%.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.